INVESTEC AUSTRALIA PROPERTY FUND - Posting of Circular and Notice of General Meeting

Release Date: 06/08/2018 08:00
Code(s): IAP
 
Wrap Text
Posting of Circular and Notice of General Meeting

INVESTEC AUSTRALIA PROPERTY FUND
Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No. 45
of 2003 and operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Unit code: IAP ISIN:AU60INL00018
(“IAPF” or “the Fund”)


POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING



1.   INTRODUCTION
     Unitholders in the Fund (“Unitholders”) are advised that a circular (the “Circular”) containing a notice of
     general meeting (“Notice of General Meeting”) and a form of proxy will be posted to Unitholders today
     (Monday, 6 August 2018) and is available on the Fund’s website at www.iapf.com.au.

     The Circular contains, inter alia, details relating to:

     •    the Fund pursuing a primary listing on the Australian Securities Exchange in addition to its current listing on
          the JSE, subject to favourable market conditions; and
     •    a specific issue of units for cash,

     undertaken pursuant to a number of resolutions (the “Resolutions”) to be considered at a general meeting of
     Unitholders (“General Meeting”). The Resolutions comprise:

     •    a proposed resolution to approve amendments to the management agreement;
     •    two proposed resolutions to approve amendments to the constitution; and
     •    a proposed resolution to approve the implementation of a specific issue of up to a maximum of 180 million
          new units.

     The purpose of the Circular is to:

     •    provide Unitholders with information to enable them to make an informed decision as to whether
          or not they should vote in favour of the Resolutions contained in the Notice of General Meeting;
          and
     •    convene the General Meeting in order for Unitholders to consider and determine whether or not to vote in
          favour of the Resolutions to be proposed at the General Meeting.



2.   NOTICE OF GENERAL MEETING
     The General Meeting will be held on Wednesday, 5 September 2018 at:

     •    09:30 (Johannesburg time) in 2nd Floor, Executive Boardroom, Investec Bank Limited, 100 Grayston
          Drive, Sandown, Sandton; and

     •    17:30 (Sydney time) in Boardroom, Investec Australia Limited, Level 23, The Chifley Tower, 2
          Chifley Square, Sydney, NSW 2000, Australia,

     for the purposes of considering and, if deemed fit, passing the Resolutions.

3.      SALIENT DATES AND TIMES
        The salient dates and times in relation to the General Meeting are set out below:

                                                                                                       2018


     Record date to be entitled to receive the Circular incorporating the Notice                        Friday, 27 July
     of General Meeting

     Circular and Notice of General Meeting posted to Unitholders and announced on                      Monday, 6 August
     SENS

     Last day to trade in order to participate in and vote at the General Meeting                       Tuesday, 21 August

     Record date to participate in and vote at the General Meeting                                      09.30am on Friday, 24 August

     Last day to lodge forms of proxy for the General Meeting                                           09.30am on Monday,
                                                                                                        3 September

     Holding of General Meeting                                                                         09.30am on Wednesday,
                                                                                                        5 September

     Results of the General Meeting released on SENS                                                    Wednesday, 5 September

     Results of the General Meeting published in the press                                              Thursday, 6 September

Note:

1.     All dates and times referred in this announcement are local times in South Africa, unless otherwise indicated. Any variation of the
       above dates and times will be approved by the JSE and released on SENS.




Johannesburg
6 August 2018


Financial Advisor and Sponsor
Investec Bank Limited

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